Diversified Trust Co decreased its position in shares of Skyward Specialty Insurance Group, Inc. (NASDAQ:SKWD - Free Report) by 29.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 12,886 shares of the company's stock after selling 5,493 shares during the quarter. Diversified Trust Co's holdings in Skyward Specialty Insurance Group were worth $745,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of SKWD. Reinhart Partners LLC. acquired a new position in Skyward Specialty Insurance Group during the 1st quarter worth $49,979,000. Voya Investment Management LLC lifted its holdings in Skyward Specialty Insurance Group by 3,712.0% during the 1st quarter. Voya Investment Management LLC now owns 433,652 shares of the company's stock worth $22,949,000 after buying an additional 422,276 shares in the last quarter. Nuveen LLC acquired a new position in Skyward Specialty Insurance Group during the 1st quarter worth $14,354,000. Vanguard Group Inc. lifted its holdings in Skyward Specialty Insurance Group by 10.0% during the 1st quarter. Vanguard Group Inc. now owns 2,503,156 shares of the company's stock worth $132,467,000 after buying an additional 227,921 shares in the last quarter. Finally, Strs Ohio acquired a new position in Skyward Specialty Insurance Group during the 1st quarter worth $6,651,000. Institutional investors and hedge funds own 94.83% of the company's stock.
Analysts Set New Price Targets
SKWD has been the topic of several research reports. BMO Capital Markets upped their price objective on Skyward Specialty Insurance Group from $52.00 to $55.00 and gave the stock a "market perform" rating in a report on Monday, September 8th. Keefe, Bruyette & Woods upped their target price on shares of Skyward Specialty Insurance Group from $67.00 to $72.00 and gave the company an "outperform" rating in a research report on Thursday, May 29th. Piper Sandler dropped their target price on shares of Skyward Specialty Insurance Group from $69.00 to $59.00 and set an "overweight" rating for the company in a research report on Friday, August 1st. JMP Securities upped their target price on shares of Skyward Specialty Insurance Group from $65.00 to $70.00 and gave the company a "market outperform" rating in a research report on Thursday, September 4th. Finally, Wall Street Zen cut shares of Skyward Specialty Insurance Group from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Skyward Specialty Insurance Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $60.78.
Check Out Our Latest Analysis on Skyward Specialty Insurance Group
Skyward Specialty Insurance Group Trading Down 0.3%
SKWD stock opened at $47.25 on Tuesday. The stock has a 50-day moving average price of $49.50 and a two-hundred day moving average price of $53.71. Skyward Specialty Insurance Group, Inc. has a 1 year low of $40.29 and a 1 year high of $65.05. The stock has a market cap of $1.91 billion, a PE ratio of 14.86 and a beta of 0.62.
Skyward Specialty Insurance Group (NASDAQ:SKWD - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.03. The company had revenue of $319.90 million during the quarter, compared to analysts' expectations of $324.64 million. Skyward Specialty Insurance Group had a return on equity of 16.40% and a net margin of 10.53%.During the same quarter last year, the company earned $0.80 EPS. On average, analysts forecast that Skyward Specialty Insurance Group, Inc. will post 3.05 earnings per share for the current fiscal year.
Skyward Specialty Insurance Group Company Profile
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Free Report)
Skyward Specialty Insurance Group, Inc, an insurance holding company, underwrites commercial property and casualty insurance products in the United States. It offers general liability, excess liability, professional liability, commercial auto, group accident and health, property, surety, and workers' compensation insurance products.
See Also
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